Laserfiche WebLink
<br />e <br /> <br />~ <br /> <br />, <br /> <br />," <br /> <br />RESOLUTION NO. <br /> <br />85-39 <br /> <br />RESOLUTION OF THE CITY OF SANTA ANA <br />COMMUNITY REDEVELOPMENT AGENCY PROVIDING FOR <br />THE SALE OF TAX ALLOCATION BONDS IN THE <br />APPROXIMATE PRINCIPAL AMOUNT OF EIGHT <br />MILLION DOLLARS ($8,000,000) FOR THE <br />INTERCITY COMMUTER STATION REDEVELOPMENT <br />PROJECT AREA, APPROVING THE FORM OF NOTICE <br />OF INTENTION TO SELL SAID BONDS AND <br />DIRECTING THE PUBLICATION THEREOF <br /> <br />WHEREAS, the City of Santa Ana Community Redevelopment <br />Agency (herein sometimes referred to as the "Agency"), is a <br />redevelopment agency (a public body, corporate and politic) <br />duly created, established and authorized to transact business <br />and exercise its powers, all under and pursuant to the <br />Community Redevelopment Law (Part 1 of Division 24 (commencing <br />with Section 33000) of the Health and Safety Code of the State <br />of California) and the powers of the Agency include the power <br />to issue bonds for any of its corporate purposes¡ and <br /> <br />WHEREAS, the Agency wishes to sell at this time not more <br />than $8,000,000 of the aggregate principal amount of the Tax <br />Allocation Bonds to provide financing in connection with the <br />Intercity Commuter Station Redevelopment Project Area¡ and <br /> <br />WHEREAS, the Agency is required by law to sell the Bonds at <br />competitive bid following publication of notice of intention to <br />sell such securities. <br /> <br />NOW, THEREFORE, THE CITY OF SANTA ANA COMMUNITY <br />REDEVELOPMENT AGENCY DOES HEREBY RESOLVE, DETERMINE AND ORDER <br />AS FOLLOWS: <br /> <br />Section 1. Sale Authorized. The sale of an aggregate <br />principal amount of Eight Mlllion Dollars ($8,000,000) (or such <br />lesser amount as may be specified in the notice of sale as <br />approved by the Executive Director) of the CITY OF SANTA ANA <br />COMMUNITY REDEVELOPMENT AGENCY, INTERCITY COMMUTER STATION <br />REDEVELOPMENT PROJECT AREA TAX ALLOCATION BONDS, 1985 (herein <br />sometimes referred to as the "Bonds"), in accordance with law, <br />is hereby authorized. <br /> <br />Section 2. publication of Notice of Intention to Sell <br />Securities. The Notice of Intention to Sell Securities <br />attached hereto as Exhibit "A" is hereby approved subject to <br />such changes as requested by Bond Counsel. The Secretary of <br />the Agency shall cause said Notice of Intention to Sell <br />securities (a) to be published in a newspaper published and of <br />general circulation in the City of Santa Ana, California, by <br /> <br />CITí 0;:- SC¡" ': '\ <br /> <br />SEP 111985 <br /> <br />[CUlm,';:-,,; <br />AGENCY <br />